Free IIA-CIA-Part2 Exam Questions - Easiest Way for Success

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Total 1029 Questions | Updated On: Sep 14, 2024

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Question 1

Given the scarcity of internal audit resources, a chief audit executive (CAE) decided not to schedule a follow-up of audit recommendations when developing engagement work schedules. Does the CAE’s decision violate the Standards?

Section: Volume A

A : No, because the Standards do not specify whether follow-up is needed.

B : No, because when there is evidence of sufficient motivation by the client, there is no need for follow-up action.

C : Yes, because scarcity of resources is not a sufficient reason to omit follow-up action.

D : Yes, because the Standards require the auditors to determine whether the client has appropriately implemented all of the auditor's recommendations.

Answer: C

Question 2

During the filework phase of an assurance engagement the internal auditor decides that she wants to adjust the audit work program. Which of the following is the most appropriate next step for the auditor to take9

A : Request additional information needed from management of the area under review.

B : Obtain approval from the engagement supervisor

C : Obtain the required resources, including IT. to complete the work

D : Discuss the change in scope with management of the area under review.

Answer: B

Question 3

Which of the following statements is true regarding a drawback of using internal control questionnaires (ICQs)?

A : When internal auditors need to cover many control procedures using ICQs is generally less efficient than conducting observations and inspections

B : It is generally difficult for internal auditors lo compile appropriate ICQs for business activities that are governed by standardized operating procedures

C : ICQs are inadequate to provide effective assurance on how organizational processes are executed in practice.

D : It is generally difficult for internal auditors to process completed questionnaires, because ICQs frequently elicit detailed comments and long answers from management

Answer: D

Question 4

In which of following scenarios is the internal auditor performing benchmarking?

Section: Volume E

A : The auditor compares information from one period with the same information from the prior period.

B : The auditor compares new information to his general knowledge of the organization.

C : The auditor compares information he collected with similar information from another source.

D : The auditor compares expected outcomes with actual results.

Answer: A

Question 5

During an interview with a manager in a company's claims department, an auditor noted that the manager became nervous and changed the subject whenever the auditor raised questions about certain types of claims. The manager's answers were consistent with company policies and procedures. When documenting the interview, the auditor should:

Section: Volume A

A : Document the manager's answers, noting the nature of the nonverbal communication

B : Document the manager's answers but not the nonverbal communication because it is subjective and is not corroborated.

C : Conclude that the nonverbal communication is persuasive and that sufficient evidence exists to begin a fraud investigation.

D : Disregard the interview entirely because the verbal and nonverbal communications were contradictory

Answer: A

Page: 1 / 206

Total 1029 Questions | Updated On: Sep 14, 2024

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